Can I retire at age 59 with 1,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$124,694$123,584$122,500$121,442$120,410$115,907
2 years$61,730$60,580$59,466$58,386$57,338$52,853
3 years$40,744$39,590$38,478$37,408$36,377$32,052
4 years$30,254$29,103$28,002$26,951$25,945$21,811
5 years$23,961$22,817$21,731$20,701$19,723$15,792
6 years$19,767$18,632$17,562$16,554$15,606$11,880
7 years$16,773$15,647$14,594$13,610$12,692$9,170
8 years$14,528$13,412$12,377$11,417$10,529$7,209
9 years$12,783$11,678$10,660$9,725$8,867$5,743
10 years$11,388$10,293$9,294$8,383$7,555$4,622
11 years$10,247$9,164$8,182$7,296$6,498$3,749
12 years$9,297$8,225$7,261$6,399$5,631$3,060
13 years$8,494$7,433$6,488$5,650$4,910$2,509
14 years$7,806$6,756$5,829$5,015$4,304$2,066
15 years$7,211$6,172$5,263$4,473$3,790$1,706
16 years$6,690$5,663$4,772$4,005$3,349$1,413
17 years$6,231$5,215$4,342$3,598$2,970$1,172
18 years$5,823$4,819$3,964$3,243$2,641$974
19 years$5,459$4,466$3,629$2,930$2,354$811
20 years$5,132$4,150$3,330$2,654$2,102$676
21 years$4,836$3,866$3,063$2,408$1,881$564
22 years$4,568$3,608$2,823$2,190$1,686$471
23 years$4,323$3,375$2,607$1,994$1,514$393
24 years$4,099$3,162$2,411$1,819$1,361$329
25 years$3,893$2,967$2,233$1,661$1,224$275
26 years$3,703$2,789$2,071$1,519$1,103$230
27 years$3,528$2,625$1,923$1,390$994$192
28 years$3,365$2,473$1,788$1,274$897$161
29 years$3,214$2,333$1,664$1,168$810$135
30 years$3,074$2,204$1,549$1,072$732$113
31 years$2,942$2,083$1,445$985$662$95
32 years$2,819$1,971$1,348$905$599$79
33 years$2,704$1,867$1,258$832$542$66
34 years$2,596$1,769$1,176$766$491$56
35 years$2,494$1,678$1,099$705$444$47
36 years$2,398$1,593$1,028$649$403$39
37 years$2,308$1,513$963$598$365$33
38 years$2,222$1,438$901$551$331$27
39 years$2,141$1,367$844$508$300$23
40 years$2,064$1,301$792$469$272$19
41 years$1,992$1,238$742$433$247$16
42 years$1,922$1,179$696$399$224$14
43 years$1,857$1,123$653$368$203$11
44 years$1,794$1,071$613$340$184$9
45 years$1,734$1,021$576$314$167$8
46 years$1,678$974$541$290$152$7
47 years$1,623$930$508$268$138$6
48 years$1,571$887$477$248$125$5
49 years$1,522$847$449$229$114$4
50 years$1,474$809$422$212$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,510,000, adding $6,532 every year, while hoping to spend $43,673 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/17/10 Blend
58$1,510,000$1,510,000$1,510,000$1,510,000
59$1,670,758$1,590,728$1,567,323$1,789,135
60$1,794,707$1,622,206$1,573,360$1,899,668
61$1,929,836$1,653,762$1,578,136$2,014,621
62$2,077,238$1,685,355$1,581,563$2,139,318
63$2,238,118$1,716,939$1,583,546$2,274,710
64$2,413,800$1,748,464$1,583,990$2,421,846
65$2,605,746$1,779,876$1,582,791$2,581,879
66$2,815,560$1,811,119$1,579,843$2,756,081
67$3,045,013$1,842,129$1,575,034$2,945,851
68$3,296,051$1,872,840$1,568,244$3,152,733
69$3,570,819$1,903,180$1,559,351$3,378,426
70$3,871,678$1,933,072$1,548,225$3,624,802
71$4,201,229$1,962,432$1,534,730$3,893,926
72$4,562,336$1,991,172$1,518,725$4,188,070
73$4,958,151$2,019,197$1,500,060$4,509,739
74$5,392,149$2,046,404$1,478,578$4,861,694
75$5,868,156$2,072,685$1,454,118$5,246,975
76$6,390,384$2,097,923$1,426,507$5,668,935
77$6,963,475$2,121,994$1,395,567$6,131,266
78$7,592,542$2,144,764$1,361,111$6,638,038
79$8,283,216$2,166,091$1,322,942$7,193,736
80$9,041,699$2,185,825$1,280,856$7,803,303
81$9,874,826$2,203,804$1,234,639$8,472,184
82$10,790,125$2,219,857$1,184,066$9,206,383
83$11,795,888$2,233,801$1,128,902$10,012,514
84$12,901,252$2,245,440$1,068,904$10,897,868
85$14,116,282$2,254,569$1,003,814$11,870,477
86$15,452,066$2,260,966$933,366$12,939,196
87$16,920,822$2,264,399$857,279$14,113,782
88$18,536,010$2,264,618$775,261$15,404,990
89$20,312,458$2,261,360$687,008$16,824,670
90$22,266,506$2,254,344$592,200$18,385,884
91$24,416,156$2,243,273$490,505$20,103,026
92$26,781,242$2,227,831$381,575$21,991,961
93$29,383,617$2,207,684$265,046$24,070,172
94$32,247,362$2,182,476$140,541$26,356,928
95$35,399,006$2,151,831$7,663$28,873,464
96$38,867,785$2,115,351$0$31,643,185
97$42,685,909$2,072,612$0$34,706,196
98$46,888,869$2,023,168$0$38,078,413
99$51,515,776$1,966,545$0$41,790,394
100$56,609,720$1,902,241$0$45,876,717